Offshore Group of Banking Supervisors
The Offshore Group of Banking Supervisors (OGBS) was formed in October 1980, at the instigation of the Basel Committee on Banking Supervision, as an association of the relevant authorities in jurisdictions identified at that time as “offshore finance centers”.
The objects of the Group are to cooperate with relevant international organizations in setting and promoting the implementation of international standards for cross-border banking supervision, and for combating money laundering and terrorist financing; to encourage members to apply high standards of supervision based on internationally accepted principles; to conduct mutual evaluations; to participate in the work of FATF and other international organizations to improve international standards on combating money laundering and financing of terrorism; to continue an active work on implementation of FATF Recommendations and other relevant international standards.
The Group meets, as a rule, once a year. The Working Group on the Setting of International Standards for the Regulation of Trust and Company Service Providers was established within the OGBS.
OGBS Members
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Aruba
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Bahamas
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Barbados
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Bermuda
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British Virgin Islands
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Cayman Islands
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Guernsey
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Isle of Man
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Jersey
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Labuan
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Macau, China
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Mauritius
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Netherlands Antilles
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Panama
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Samoa
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Vanuatu
OGBS Observers
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Antigua and Barbuda
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Cook Islands
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Eastern Caribbean Central Bank